Beijing Enterprises Clean Energy acquires 100MW PV power station in Ningxia
2017-12-27 18:02:01 [Print]
Beijing Enterprises Clean Energy Group Limited announced on the morning of 27 Dec that its indirect wholly-owned subsidiary - Tianjin Fuhuan Enterprise Management & Consultation Co., Ltd. signed a share transfer agreement with Xi'an Longteng New Energy Technology Development and Ningxia Jinxiu Group (the seller) on 22 Dec. Tianjin Fuhuan will acquire all shares of Ningxia Jinxiu Longteng New Energy at cost of about RMB169 million.
Tianjin Fuhuan is mainly engaged in the consultation for PV power station while Ningxia Jinxiu Longteng New Energy mainly focuses on clean energy business. The latter owns Zhongning Xingye Jinxiu New Energy Co., Ltd., which operates the 100MW PV power station in Zhongning of Ningxia.
As for the share transfer agreement, the buyer and the seller, Ningxia Jinxiu Longteng New Energy, Zhongning Xingye Jinxiu New Energy and EPC contractor signed debts liquidation agreement which involves debts of RMB626 million. The debts should be paid by Tianjin Fuhuan on behalf of Ningxia Jinxiu Longteng New Energy and Zhongning Xingye Jinxiu New Energy. The total amount of RMB796 million, including RMB169 million and the RMB626 million would be paid by Tianjin Fuhuan by four times.
Tianjin Fuhuan is mainly engaged in the consultation for PV power station while Ningxia Jinxiu Longteng New Energy mainly focuses on clean energy business. The latter owns Zhongning Xingye Jinxiu New Energy Co., Ltd., which operates the 100MW PV power station in Zhongning of Ningxia.
As for the share transfer agreement, the buyer and the seller, Ningxia Jinxiu Longteng New Energy, Zhongning Xingye Jinxiu New Energy and EPC contractor signed debts liquidation agreement which involves debts of RMB626 million. The debts should be paid by Tianjin Fuhuan on behalf of Ningxia Jinxiu Longteng New Energy and Zhongning Xingye Jinxiu New Energy. The total amount of RMB796 million, including RMB169 million and the RMB626 million would be paid by Tianjin Fuhuan by four times.
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